US finances wheat sale to Jordan
The US Department of Agriculture (USDA) signed an agreement with the Jordanian government to provide the Kingdom with 135,700 metric tons of wheat, which will then be sold with revenues directed to humanitarian and agricultural purposes in Jordan. The US government provided $20 million for the sale of the wheat to Jordan.
Revenues will be used for the National Aid Fund to support low-income families, the poor and farmers. Revenues will also be used to finance projects to stop landslides, develop water resources and pastures, create sustainable employment, construct dams, build agricultural roads and foster private sector participation in agricultural trade in Jordan.
The fiscal year 2003 agreement with Jordan was signed on July 16, 2003. The supply year is fiscal 2003. The Foreign Agricultural Service will announce purchase authorizations, and sales will be made by private US traders on a competitive-bid basis.
The USDA program provides for sales of US agricultural commodities on concessional credit terms to governments and private entities in developing countries that have demonstrated the potential to become commercial markets, are undertaking measures to improve their food security and agricultural development, and show the greatest need for food.
This year, USDA expects to provide concessional financing for around 735,000 tons of US commodities to 17 countries. — (menareport.com)
© 2003 Mena Report (www.menareport.com)